Cordatus Wealth Management LLC Acquires 33 Shares of Lockheed Martin Co. (NYSE:LMT)

Cordatus Wealth Management LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,466 shares of the aerospace company’s stock after purchasing an additional 33 shares during the period. Cordatus Wealth Management LLC’s holdings in Lockheed Martin were worth $2,170,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the third quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin during the third quarter valued at about $40,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the fourth quarter valued at about $35,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter valued at about $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin during the third quarter valued at about $46,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.8 %

Shares of LMT opened at $436.47 on Friday. The company has a market capitalization of $102.74 billion, a P/E ratio of 19.61, a PEG ratio of 2.05 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The business’s 50 day simple moving average is $471.01 and its 200-day simple moving average is $529.69.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.02%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LMT shares. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Barclays lowered their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lowered their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $555.60.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.